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Brescia to invest US$45mn in new cement plant (Peru)
2009-11-02

Peru's Brescia group will invest US$45mn to increase production of recently purchased Chilean cement firm Cementos Melón, the Peruvian gazette El Peruano reported.   The resources will be used to build a grinding plant in region V, near the port of Ventanas. The facility is expected to...

 
CNT survey: US$18.6bn needed for highway repairs (Brazil)
2009-11-02

Brazil needs to invest 32bn reais (US$18.6bn) to repair its highway network, according to a survey carried out by national transport federation CNT, government news service Agência Brasil reported.   CNT conducted a 45-day survey that analyzed 89,552km of highways, including all paved f...

 
Govt willing to negotiate Cemex nationalization - report (Venezuela-Mexico)
2009-11-02

The Venezuelan government has said that it is willing to negotiate the nationalization of Mexican cement maker Cemex's (NYSE: CX) assets in the country, paper El Financiero reported.   After Venezuela seized the local firm in 2008, Cemex filed a suit in the World Bank's International Centre f...

 
CAF, Minam evaluate US$30mn loan (Peru)
2009-10-30

The Andean Development Corporation (CAF) is evaluating a US$30mn loan request to finance works related to Peru's Interoceánica Sur highway, local paper Gestión reported.   The funding would cover the cost of works to mitigate the highway's social and environmental impact.  ...

 
GCC profits down, sales up in Q3 (Mexico)
2009-10-30

Mexican cement maker Grupo Cementos de Chihuahua (GCC) (BMV: GCC) reported profits of 209mn pesos (US$15.8mn) in the third quarter, a drop of 40.9% compared to the same period last year, the company said in its latest quarterly results report.   GCC attributed the result to the higher compreh...

 
Infraero selects 3Com for airport upgrades (Brazil)
2009-10-30

Brazil's government-run airport administration Infraero has selected US network equipment vendor 3Com (Nasdaq: COMS) and its H3C enterprise networking solutions to provide network upgrades for 11 of the country's main airports, 3Com said in a statement, without disclosing the price tag of the deal. ...

 
Bilateral agreement to lead to European-style regional integration, says official (Argentina-Chile)
2009-10-30

Chilean President Michelle Bachelet and her Argentine counterpart Cristina Fernández signed a bilateral connectivity agreement on Thursday that will lead to European-style regional connectivity, an official from Chile's presidential office told BNamericas.   The agreement consists of i...

 
H1N1 virus pushes GAP profits down 18% in Q3 (Mexico)
2009-10-29

Mexican airport operator GAP (NYSE: PAC, BMV: GAP) posted net profits of 314mn pesos (US$23.7mn) for Q3, a drop of 18% year-on-year, the company said in its quarterly results report.   The results are attributable to reduced passenger traffic due to the ongoing effects of the H1N1 virus outbr...

 
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